RHB Retail Research
Trading Stocks - Carimin Petroleum
Carimin Petroleum may rise higher after it breached above the MYR0.94 threshold. This upward momentum is likely to continue, given that it has formed a second consecutive white candle. A positive bias may emerge above the MYR0.94 level, with an exit set below the MYR0.87 threshold. Towards the upside, the immediate resistance is at the MYR1.00 level. This is followed by the MYR1.10 threshold.
Source: RHB Securities Research - 30 Aug 2019
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